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MALAYSIA: GAMUDA CONFIRMS SUBMITTING HIGHEST BID FOR SINGAPORE LAND

KUALA LUMPUR, Malaysia Sept 18 (Bernama) Gamuda Bhd and Evia Real Estate (7) Pte Ltd, which jointly tendered for a 51,411.9-square metre land at Anchorvale Crescent in Singapore, have emerged with the highest bid at S$318.89 million (RM963.0 million)

In a filing with Bursa Malaysia today, Gamuda said the Housing and Development Board of Singapore (HDB) announced the provisional tender results after the exercise’s closing date on Sept 14.

The Malaysian property developer, which participated in the tender via wholly-owned subsidiary Gamuda (Singapore) Pte Ltd, said the site was earmarked for an executive condominium development project.

Gamuda added that it would make a further announcement on the tender on receipt of the letter of acceptance from HDB to the successful tenderer, namely Gamuda Singapore-Evia Joint Venture.

Source: NAM News Network

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